Technical Analysis : 综合指数 2010年11月16日/FBMKLCI 16/11/2010

综合指数 2010年 11月 16日
如图中箭头A所示，富时综合指数周二一度下跌至1491.76点，惟综指精确的在布林下频带获得扶持而回弹，综指在闭市时收复失地，反而微扬1.98点，以1503.54点闭市，综指当前的支持水平仍然落在1487点的费氏线及1500点的心理关口，阻力水平则是1525点及1532点的费氏线。

如图所示，布林频带（Bollinger Bands）稍微打开1%，而综指已处于布林中频带以下，所以综指一度有形成跌势的迹象，无论如何综指最终回弹，使到布林频带并未明显的打开，所以综指的跌势并未完全形成。

如图中箭头B所示，马股的成交量增加21.94%，这使到成交量再度达到40天成交量移动平均线（VMA），这显示市场仍然活跃，虽然有投资者抛售手上的股票，亦有投资者趁低吸购，所以熊市继续牛市之争还是未知鹿死谁手，有待综指接下来进一步的演变。

如图中箭头C所示，虽然随机指标（Stochastic）一度跌破30%的水平，这使到综指的短期走势转弱，以技术而言，若随机指标处于30%以下，综指的短期走势将一直保持在下跌的格局。由于随机指标在闭市时回弹，并且回到30%的水平，所以综指的短期跌势并未完全形成。

区域股市纷纷下滑，综指也跟随一度出现下跌的趋势，惟综指在最后一分钟扭转乾坤，使到综指收高，以技术而言，综指暂时还是未完全确认下跌的讯号，有待走势进一步的明朗化。一般上，接下来若布林频带开始打开，而综指继续处于布林中频带以下，综指将被视为出现下跌的趋势。

FBM KLCI 11 November 2010
As shown on the chart above, despite the KLCI were mostly lower on Tuesday, it managed to rebound at the last minute, ended the day with 1.98 points to close at 1503.54 points. Support for the KLCI remains at 1487 as well as the 1500 level, while the resistance is at 1525 to 1532 WinChart Automatic Fibonacci Retracement.

Meanwhile, the Bollinger Bands expanded 1%, with the KLCI below the Bollinger Middle Band. However, the expansion of the Bollinger Bands is insignificant, thus not able to show any bearish signal yet.

As indicated by B, total market volume increased 21.94%, with volume above the 40-day volume moving average. Generally, if volume should stay above the 40-day volume moving average, it is a positive sign. However, if the volume should increase with the KLCI falling, it would suggest an increase of selling pressure.

As indicated by C, the Stochastic rebounded, thus breaking above 30%, leaving the short term bearish territory. If the Stochastic should break and stay below 30%, it would be a short term bearish signal for the KLCI.

In short, the KLCI remains in a consolidation and the short term movement shall remains unclear. With the KLCI below the Bollinger Middle Band, the immediate technical outlook is towards the negative side. However, as the KLCI is still above the 14, 21, 31 EMA, the uptrend is not yet violated.

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